Which of the following is not a function of money ?
Correct answer: A. hedge against inflation
- A. hedge against inflation
- B. Medium of exchange
- C. unit of account
- D. Store of value
Explanation
The standard functions of money are medium of exchange, unit of account, and store of value. Hedging against inflation is an investment or risk-management strategy, not a basic function of money.
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About Macroeconomics
The economy is studied as a whole through national income, gross domestic product, inflation, unemployment, economic growth and business cycles. Coverage includes aggregate demand and supply, consumption and investment, money and banking, fiscal and monetary policy, exchange rates and balance of payments, which distinguishes macroeconomics from the study of individual markets.
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